University of Maryland Extension

Enterprise Budgeting for Maryland Farms

Enterprise Budgeting for Maryland Farms - This method involves (1) identifying alternative crop, animal, and recreational enterprises for Maryland farm managers, (2) estimating output levels, output prices, input requirements, input prices, and profits from alternative enterprises, and (3) estimating labor, management, and financial requirements for different enterprises.This program resulted in Maryland farm managers having objective methods for evaluating alternative enterprises that they are considering.

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